Quick Question

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So on monday this kid comes into track practice with an internet ad for a 1967 Mustang. Well I knew right off the bat, that something wasn't right with it. The first thing was that the guy who currently restored it only wants $7,000 for it. The other thing is that something about that car doesn't seem right. Why the hell this guy would be selling a '67 mustang, restored none the less for $7,000. I looked at some of the pictures that kid sent me and the thing that bothers me is that on one of the sides near an emblem it says mustang. Is that right or is it wrong? Personally, I know that the guy selling it could get a lot more money for it. Here a picture of the car. Now my question. Is the car really worth that much or not?

http://imagecash.servepics.com/view.php?file=9263&owner=Mat1515
 
If it's a 6 cylinder, automatic car, it just might not be worth that much of a premium. There's restored and then there's restored, too. If it's a semi-amateur Bondo job it's not going to be worth much even if it looks nice from the street.
 
If you're interested go and have a look at it but take someone who knows what to look for, like Duke said, it might just be a 6 cylinder automatic thats not worth much anyway or it might be in bad condition mechanically, the guy might have "restored" the shine on the cars paint but left the rest, you need to be thorough.
 
where i am, ratty old mustangs go for just less than that. and im in california. nice ones get to about $10 at the floor, probably 20- 30 for the ceiling.

i wanted one a long time ago, but only basic 6 cylinder models were available at my price. prices have gone looney since then.
 
$7000 seems exactly right given a basic '67 Mustang. Multiple owners is a definite possibility - plates were issued in February or March 2003, and they aren't historic or classic plates which typically suggests many previous owners. Nothing wrong with it, methinks, looking at the picture!

I can't figure out the Honda being driven in the picture, but frankly I'd keep it before getting a '67 Mustang...
 
It's not always easy to judge a car like this, especially from one picture. As stated before, $7K for a 6 cylinder AT Mustang may not be a bad price. However, it could be a rustbucket with a layer of bondo and paint covering an infinite number of problems. Check for a few basic clues as to the condition of the car and the quality of the 'restoration'.
- An accurate restoration will usually include period accurate tires (Usually sourced from Coker Tire)
-Ask why the seller is selling the car, and who restored it, if he claims it is restored.
-Look under the hood. Does everything look neat and detailed? Is everything there, and has it been modified from original?
-Check for rust in the floorpans, fenders, and trunk.
-How is the car presented? Is it clean, inside and out? Look under the car. Does it look restored, or at least relatively clean?
-Check for paint color. Is it accurate? If it has been painted, why? If the car has actually been restored, it should be painted. But if the rest of the car does not look restored, then why was the body painted?
-Check the gaps for all the panels of the car. Uneven gaps could indicate either an accident (if unrestored) or a hurried or poor quality restoration.
-Look down the side of the car. Is it straight, or wavy? Waviness is another probable indicator of bodywork.

I'm not going to go into running the car right now, as am short on time.
 
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